Board of Directors

Roger Dobson (Independent Non-Executive Chairman)

Mr Dobson has been a partner of Henry Davis York (since 1990). He established the firm's banking and finance practice in 1991.

Mr Dobson's main areas of practice currently include property related structured finance for banks and other funds management clients, and he works extensively on corporate transactions and debt restructuring. More recently, Mr Dobson has acted in relation to the establishment of a major new funds management business and its core and opportunistic property funds (including the acquisition of the underlying property assets). Mr Dobson has also acted for several retail funds management clients in property and other areas. Mr Dobson frequently advises directors of public companies on a variety of issues, including corporate governance, capital raisings, takeovers and other significant transactions.

Prior to joining Henry Davis York in 1989, Mr Dobson was an Associate with Sullivan & Cromwell, a New York based law firm, practising corporate law and finance. Mr Dobson has also worked as Associate to a former Chief Justice of South Australia, and has lectured in corporate law at the University of Technology, Brisbane.

Mr Dobson holds a Bachelor of Laws (Hons) from the University of Adelaide, and a Master of Laws from Colombia University (New York). Mr Dobson brings to the board of directors of the Company his extensive legal knowledge of the property funds management and financial services industries, as well as corporate governance and regulatory issues.

Mr Dobson was appointed to the Board on 28 November 2007.  He is Chairman of the Over Fifty Group Board and Chairman of the Nomination and Remuneration Committee.  He is also a member of the Audit, Risk Management and Compliance Committee.

Peter Done (Independent Non-Executive Director)

Mr Done joined Peat Marwick Mitchell & Co (now known as KPMG) in 1968, where he held the position of partner from 1979 until his retirement in 2006. During his 27 years as partner, Mr Done was the lead audit partner for many clients, including those involved in property development, primary production and television and film production and distribution. Mr Done held a number of senior positions during his time at KPMG, where he was the partner in charge of KPMG Financial Services Pty Ltd (KPMG's financial planning practice) from its formation in 1988 until it was sold in 1999, a member of KPMG's NSW Executive Committee from 1986 to 1992, and the partner in charge of Migration Advisory in Australia from 1995 to 2005.

Following his retirement from KPMG in 2006, Mr Done formed his own consulting practice, and is also a director of a number of private companies involved in property development and investment.

Mr Done holds a Bachelor of Commerce (Accounting) from the University of New South Wales, and is a fellow of the Institute of Chartered Accountants.

Mr Done brings to the board of directors of the Company his strengths in accounting, audit and financial management in the property development and financial services industries, and a strong knowledge of corporate governance, regulatory issues and board processes through his many senior roles.

Mr Done was appointed to the Board 28 November 2007 and is the Chairman of the Audit, Risk Management and Compliance Committee.  He is also a member of the Nomination and Remuneration Committee and the Investment Committee.

Deepak Gupta (Independent Non-Executive Director)

Mr Gupta has almost 20 years' experience in the financial services and investment management industry in New Zealand. He joined Trustees Executors Limited in 2004 and was appointed to the Board in November 2005. As the Executive Director, Mr Gupta is responsible with the Group Executive for the strategic, operational and financial management of Trustees Executors Limited.

Prior to joining Trustees Executors Limited, Mr Gupta was involved in general consulting and advisory work in the finance and investment area. Mr Gupta has also worked at senior management level for major institutional investors such as Westpac Investment Management, Royal and Sun Alliance and AMP in the areas of private equity investments in all major asset classes, being equities, bonds and property, and has been involved in a variety of private equity transactions.

Mr Gupta holds a Bachelor of Commerce and Administration (Business Administration) from Victoria University in Wellington (New Zealand), a Certificate of Investment Analysis from the University of Otago and a Master of Business Administration from Massey University.

Mr Gupta brings to the board his wide range of strategic and operational management experience and extensive experience in financial services and investment management.  Mr Gupta joined the Board on 28 November 2007.  He is a member of the Nomination and Remuneration Committee, the Audit, Risk Management and Compliance Committee and the Investment Committee.

Jason Huljich

Mr Huljich is the Chief Executive Officer of Century Funds Management and General Manager, Property - Over Fifty Group. In this position he supervises the management of various property trusts.

He joined Century Funds Management Limited in 1996 and became a shareholder in and director of Century. In July 2006 Century was acquired by the Over Fifty Group and he was appointed General Manager, Property. Mr Huljich has been involved in investment property syndication in Australia since 1996 and he has developed considerable expertise in investment property selection, syndicate feasibility and syndicate management.

Mr Huljich holds a Bachelor of Commerce from the University of Auckland.

Mr Huljich brings to the board of directors of the Company a wealth of experience in property investment and syndication together with considerable energy and enthusiasm.  Mr Huljich was appointed to the Board on 28 November 2007.

John McBain (CEO)

Mr McBain joined the Over Fifty Group Board on 10 July 2006. Mr McBain was appointed as Chief Executive Officer of the Over Fifty Group in April 2008.

Mr McBain was also a founding director and major shareholder in boutique funds manager Century, which was established in 1998 and acquired by Over Fifty Group in July 2006.

Prior to forming Century Funds Management in 1999, Mr McBain founded property funds manager Waltus Investments Australia Limited and Hanover Group Pty Limited a specialised property consultancy. Waltus was formed in 1995 and was one of the first dedicated property funds managers in Australia. Century Funds Management specialises in low risk property funds with above average total returns and has a particular focus on high net worth investors.

Prior to 1990 Mr McBain held senior positions in a number of property development and property investment companies in Australia, New Zealand and the United Kingdom.

Mr McBain holds a Diploma in Urban Valuation (University of Auckland).

Terry Reid
Dip. Bus. Studies (Acc), CA, Fdn FPA

General Manager – Friendly Societies / Company Secretary

Mr Reid joined Over Fifty Group in 1990 after six years in auditing and 12 years in the financial services industry, specialising in finance, accounting and taxation. Mr Reid was the Group Financial Controller of Over 50s Mutual Friendly Society Limited before he became the Chief Financial Officer of Over Fifty Group upon demutualisation of Over 50s in 2001.

Mr Reid was appointed Company Secretary in December 2007 and took up the position of General Manager – Friendly Societies in October 2008.

He has a Diploma of Business Studies from Swinburne College of Technology, has been a chartered accountant since 1975 and is PS 146 compliant under ASIC's requirements for knowledge and skill as required by the Financial Services Reform Act 2001.